Palm extends gains on stronger rival oils, crude

Business Recorder reported from Kuala Lumpur that Malaysian palm oil futures climbed for a third consecutive session on Tuesday, the day covered by the report. The advance drew support from firmer rival edible oils and higher crude oil prices.

The November contract, the benchmark on the Bursa Malaysia Derivatives Exchange, rose 21 ringgit, or 0.42%, to 4,999 ringgit ($1,235.85) per metric ton early on. The figures were recorded in early trade, not at the close of the session, so they reflect the opening stage of trading.

The report gives no closing figures or exact moves for rival edible oils or crude, so those links are described only in general terms. The latest figures come from early trade alone, so the closing picture for the session is not covered.